NEWS

[News] Korea-UK energy prosumer project workshop

SEOUL, South Korea – 24 March, 2017– I-ON Communications Co., Ltd.(www.i-on.net/eng ), a leading solution and service provider of unstructured data management
with 1,000+ customers globally, today announced itheld a workshop for a Korea-UK joint R&D project “Load and Transaction
Management – Prediction and Control” last 13 – 14 March in its HQ based in
Seoul. The project is to undertake fundamental research into the principles of
collaborative consumption / sharing economy and advanced understanding of
prosumer energy to deliver a peer-to-peer energy trading/sharing (P2P-ETS)
platform.

This workshop was the second gathering of the project participants after
their first visit to Korea last January. I-ON, Gachon University, Konkuk
University, KEPCO KDN and KERI (Korea Electrotechnology Research Institute)
from Korea joined this round of workshop and University
of Bath, University of Oxford, Imperial College London and Manchester
Metropolitan University from
UK also joined.

[Day 1: I-ON presenting research findings]

On
day 1, the group gathered in Mercure Ambassador Hotel in Gangnam, Seoul and
each organization gave presentation on their research. They shared information
on their research status and current issues.

[Day 2: Meeting at I-ON and
Tour to POSCO ICT DR Operation Center]

On the 2ndday, I-ON invited the group to its cafeteria for a brief meeting in the morning
and the group had a company tour to POSCO ICT, one of I-ON’s DR (Demand
Response) solution customers, where they could learn about Korea’s power market
and how POSCO ICT DR Operation Center works.

Through
this round of workshop, the project participants shared the following:

4)Load pattern analysis
based on the electricity consumption data analysis

5)Uncertainty based
prosumer risks modeling and analyzing methods

[Solar panels on household
rooftops (source: Brooklyn Microgrid)]

According to New York Times, a project called Brooklyn Microgrid launched as of 13 Mar. A US startup “LO3 Energy” designed this project and there currently is about 50 participants. This project is signing up residents and businesses to a virtual trading platform that will allow solar-energy producers to sell excess-electricity credits from their systems to buyers in the group, who may live as close as next door.

The project is still in its early stages but
its implications could be far reaching. The idea is to create a kind of
virtual, peer-to-peer energy trading system and a new era of “Energy Prosumer”
had dawned.

The whole world is watching “energy
market” and I-ON expects to become a front runner in the market by providing
sustainable prosumer solutions and services.